US Analyst - Letter of Credit Analyst

Crédit Agricole Group; New York (NY); On-site; USD 65,000 - 85,000; Full time

Job summary

Crédit Agricole Group is seeking a Letter of Credit Analyst in New York to manage the bank's letters of credit portfolio. The analyst will process transactions, ensure compliance with regulations, and support clients and internal teams on trade finance.

The ideal candidate should have a Bachelor's degree in Finance and strong analytical skills, along with familiarity with UCP 600 and trade finance procedures. Join a dynamic environment focused on professional growth and advancement.

This 2-year program will lay the foundation for a future role as a Full-Time Associate.

Qualifications

• Bachelor's degree in Finance, Business, or similar field required.
• Familiarity with UCP 600 and ISP98 standards.
• Strong analytical and problem-solving skills.

Responsibilities

• Process and maintain letters of credit transactions.
• Ensure compliance with client instructions and Bank policies.
• Review and coordinate issues with clients to resolve discrepancies.
• Prepare documentation for letter of credit transactions.

Skills

Attention to detail

Communication skills

Knowledge of trade finance

Education

Bachelor's degree in Finance or related field

Tools

LCMS

Microsoft Word

ACBS

SWIFT Alliance

Job description

LETTER OF CREDIT ANALYST

Department: International Trade & Transaction Banking | Reports to: Head of Letter of Credit Operations

US ANALYST PROGRAM

The US Analyst program offers an opportunity for recent college graduates interested in finance and corporate/investment banking to actively participate in this fast-paced and challenging industry. The standard analyst program is two years, with analysts hired on an initial one-year contract. The goal of the analyst program is to develop top candidates into Full-Time Associate positions at the end of the two year period. We provide our analysts with the tools necessary for professional growth and career advancement.

ROLE SUMMARY

Process and maintain the Bank's letters of credit portfolio, including issuance, confirmation, and advising of Standby/Guarantees and Import/Export letters of credit. Ensure compliance with client instructions, UCP 600/ISP98, and Bank policies while supporting clients and internal teams on technical aspects of trade finance.

KEY RESPONSIBILITIES

• Process letter of credit transactions in conformity with client instructions, UCP 600/ISP98, and Bank credit/compliance procedures
• Review draft letters of credit and coordinate resolution of issues with clients
• Prepare and execute letter of credit documents using LCMS, Microsoft Word, and ACBS
• Record standby/commercial letter of credit activity in ACBS, LCMS, and SWIFT Alliance
• Monitor daily maturity reports and ensure timely action on maturing transactions
• Track pending inquiries, discrepancies, and document resolution; follow up until payment is secured
• Process SWIFT messages for LC transactions and ensure documentation compliance
• Coordinate clearing and reconciliation of open cash items and daily exceptions with CBO Control Unit
• Ensure timely disbursement of funds for LC drawings and accurate recording in ACBS
• Review past due fee reports for accuracy and timely management reporting
• Escalate compliance matters to Management and Compliance as needed

KEY CONTACTS

Internal: Control & Reconciliation, IT Support, ITB Front/Middle Offices, Compliance, Finance

External: Clients